Jan 01, 2020
Who Is Stronger Than Who in 2020?
However, the battle for financial dominance and or currency dominance is not a new concept. In fact the struggle to have a currency which is globally dominant means that Money is accepted and recognised world wide as a reserve currency. A title which many nations envy or aspire to.As per the IMF, International Monetary Fund, The USD was the most popular with over 61% held in foregn exchange reserves in 2019. Underscoring the strength of the USD vs a basket of the 6 Major currencies. The US-China Trade tensions attempted to set new paradigm shifts. Which may have alarmed the US on several fronts. In the current tit for tat rounds the GreenBack USD wins with the DXY, the US Dollar Index indicating up trends between 96.42 - 96.74 Meaning the GBP, EUR, AUD, JPY, CAD,CHF are all likely to bearish in their view.Take Action